The Saudi stock market's main index (TASI) fell 1.45% (146.90 points) to 9,976.72 points at 10:36 AM (late data), breaking the 10,000-point barrier and hitting a 52-week low on Tuesday morning, October 20, 2026. Saudi stocks continued their decline today after TASI closed yesterday at 10,123.62 (-0.7%), pressured by the banking, telecommunications, and mining sectors, as well as regional tensions, while Aramco remained relatively stable. 87 out of 100 stocks declined (39 of the 50 most actively traded), with an average drop of approximately -1.2%.

TASI today: The numbers

Index: 9,976.72 (-1.45%).

Today's range: from 9,974.76 to 10,115.72, which is close to the daily low.

Over a 52-week period: from 9,974.76 to 11,781.68, the index is about 15% below its peak.

Weekly: About 3.9% lower than the close of the week before last (Thursday, October 8).

Market value: The session's losses amount to approximately 130 billion riyals, according to our approximate calculation.

What is putting pressure on the market?

Foreign sales continued for the twelfth consecutive week until October 12, compared to purchases by Saudi individuals (Al-Sharq Bloomberg).

Regional tensions: Houthi attacks on Saudi energy facilities have escalated, and coalition forces intercepted a ballistic missile targeting the port of Yanbu.

The downward streak: TASI ended last week with its seventh consecutive loss, the longest since 2022.

Global markets: Asian and European stocks declined this morning, and US Treasury yields are near 5.1%.

Who is driving the descent?

The broadening in 100 stocks: 87 declined, 11 rose, and 2 remained stable, with an average decline of -1.22% and a median of -1.24%. 21 stocks fell by about 2% or more, so the decline is broad and not limited to a few stocks.

Banks: Albilad -3.68% (deepest), Arab -2.48%, Riyad -1.92%, Saudi First Bank -1.64%, Alinma -1.28%, Aljazira -1.34%, Alrajhi -0.99%, and in the most active snapshot, AlAhli -1.62%.

Insurance: Malath -2.93%, Salamah -2.82%, MedGulf -2.76%, Mutakamilah -2.70%, Bupa Arabia -2.63%, and Taawuniyah -2.26%.

Basic materials: Ma’aden -2.90%, SABIC Agricultural Nutrients -2.65%, Musc -2.07%, Yansab -1.66%, Kayan -1.51%, SABIC -0.97%, and Al Yamamah Cement -2.36%.

Telecommunications: Mobily -2.83%, Zain -1.96%, and STC -1.00% (most active snapshot).

The top performers: Sidq +1.49%, Sanayaat +1.27%, Al-Asmak +0.94%, Shaker +0.63%, and Petro Rabigh +0.06%.

The most liquid banks approximately: Al Rajhi with about 104 million riyals (price-to-quantity ratio), followed by Alinma, Ma’aden, SABIC Nutrients and Al Bilad with about 17-22 million.

Stability: Aramco at 25.76 riyals (-0.16%) in the most active snapshot, easing pressure on the index.

Speculative activity: National Iron +5.86% with approximately 20.7 million shares, London -0.50% with approximately 16.4 million, and Arabian Sea +5.34% with approximately 4.9 million.

Reading: Losses are led by banks, insurance, basic materials and telecommunications, speculation is concentrated in small stocks, resulting in a broad TASI decline.

Technical levels

Support broken: 10,000 psychic points, and also 10,034.90 according to WarrenAI yesterday.

Nearest support: 9,985.90, which the index has already reached.

Trading downside targets: 9,900 then 9,836 (WarrenAI's bearish scenarios yesterday).

Return: The index needs to recover to 10,000 and then 10,034.90 to ease the pressure.

Warning: These are educational scenarios and not recommendations.

What are we monitoring?

Today's closing price is above or below 10,000.

Session liquidity and net foreign sales.

Oil, Aramco, Houthi developments, and Hormuz.

Third quarter results: Announcement deadline is November 11.

Federal Reserve: Meeting October 27-28.

Frequently Asked Questions

How much did TASI fall today? 1.45% (146.90 points) to 9,976.72 at 10:36 AM.

Has TASI broken 10,000 points? Yes, and it is recording its lowest level in 52 weeks.

Who is leading the TASI decline today? Banks (Al-Bilad, Arab National Bank, Riyad Bank, Al-Inma Bank, and Al-Rajhi Bank), insurance, basic materials (Ma'aden and SABIC Nutrients), and telecommunications (Mobily and Zain), while Aramco remains almost stable (-0.16%), and 87 stocks out of a sample of 100 declined.

What is the next support level? 9,985.90, then 9,900 and 9,836, according to current technical scenarios.

This content is for informational purposes only and is not investment advice.